Financials
- Financial year
- 2025
- Turnover
- €48.7m
- Loss
- -€13.8m
- Solvency
- 93.1%
Turnover▼ 19.0%
Net result
20182025
D. NAVINCHANDRA GEMS
ActiveSummary
D. NAVINCHANDRA GEMS has been active since 1998 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €60.1m and a net result of -€13.8m. Equity is growing by about 47% per year across the filed financial years. Its solvency ranks better than 95% of 6,142 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Activity
Wholesale of diamonds and other precious stones
NACE 46861
1 site
Size
€48.7mturnover 2025
- Staff
- 3.6 FTE
- Equity
- €60.1m
- Loss
- -€13.8m
Structure
- Parent
- DN Gems PTE LTD
- Mihir Dilipkumar MEHTADirector
- Rushin Haresh CHOKSIDirector
Auditor: Figurad Bedrijfsrevisoren2025 accounts 38 days early5 of 18 deeds summarised
Why 82raises riskLoss of €13.8m (financial year 2025)Liquidity: current ratio 51.45, cash €1.6mlowers riskEquity €60.1m (93.1% of total assets)Founded in 1998Show the evidence
Checked score
Score 2025
82
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 44% of its sector peers (NACE 46, micro)
Financial strength · tick = 2024
Average
Solvency
100=
equity 93.1% of total assets
Liquidity
53-2
short-term debt 1.9% · cash 2.4%
Profitability
0-76
return on assets -21.4%
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 1.1%highest value
12-2024: 1.1%● unchanged vs 11-2024highest value
01-2025: 1.1%● unchanged vs 12-2024
02-2025: 0.2%▼ -0.9 percentage points vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.1%▼ -0.1 percentage points vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026lowest value
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.4%▲ +0.2 percentage points vs 09-2026
Credit of up to €4,850,000 on 30-day terms is acceptable
Liquidity ample (current ratio 51.45, compared with 61.02 in 2024, above the usual 1.5; short-term debt: 1.9% and cash: 2.4% of total assets), and 6.9% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro): better than 90% on solvency, 58% on liquidity, 6% on profitability and 21% on growth.
The bankruptcy probability was computed on 27-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-06-2026, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
38 days early
2024
36 days early
2023
13 days early
2022
39 days early
2021
20 days early
2020
44 days early
2019
24 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 31 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
28-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · full…
- Weakest financial yearnet -€13.8m
- Reappointment: Figurad Bedrijfsrevisoren (statutory auditor)Gazette deed
Key points
- Caution: From profit to loss in 2025after €7.2m in 2024 -€13.8m View
- Caution: Among the weakest 5% on net resultsector median €112,386 · 6,077 companies -€13.8m View
- Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
- Controlled by DN Gems PTE LTD parent View
- Merger with GEMDIAMmerger on 14-12-2023 2023 View
By topic
Board & ownership
- Board
- 2 members
- Parent
- DN Gems PTE LTD
- Auditor
- Figurad Bedrijfsrevisoren
- Mihir Dilipkumar MEHTADirector
- Rushin Haresh CHOKSIDirector
Network & group
- Mergers and asset contributions
- 1
Timeline
- Events
- 41
- Since
- 1999
- Next accounts
- by 31-07-2027
- 25-06-2025Annual accounts filed
- 18-07-2024Annual accounts filed
- 31-12-2023Liquidity more than 6 times
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Wholesale of diamonds and other precious stonesNACE 46861
- Founded
- 12-02-1998
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 8
- Purpose
- “De vennootschap heeft tot voorwerp de handel, bewer-ken en doen bewerken, waarnemen van…” (deed in Dutch)
Key facts about D. NAVINCHANDRA GEMS
- What is the company number of D. NAVINCHANDRA GEMS?
- 0462.600.126. In Belgium the VAT number is the company number with BE in front: BE 0462.600.126.
- Where is D. NAVINCHANDRA GEMS based?
- The registered office is at Hoveniersstraat 30, 2018 Antwerpen.Company details
- What does D. NAVINCHANDRA GEMS do?
- According to the KBO register, the main activity is wholesale of diamonds and other precious stones (NACE 46861).
- What is the legal form of D. NAVINCHANDRA GEMS?
- Private limited company (BV).
- When was D. NAVINCHANDRA GEMS founded?
- On 12-02-1998.
- Is D. NAVINCHANDRA GEMS still active?
- Yes, D. NAVINCHANDRA GEMS is an active enterprise in the KBO register.
- How many employees does D. NAVINCHANDRA GEMS have?
- On average 3.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of D. NAVINCHANDRA GEMS?
- €48.7m in financial year 2025, according to the filed annual accounts.
- Is D. NAVINCHANDRA GEMS profitable?
- In financial year 2025, D. NAVINCHANDRA GEMS made a loss of €13.8m.
- Where can I find the annual accounts of D. NAVINCHANDRA GEMS?
- D. NAVINCHANDRA GEMS filed 28 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of D. NAVINCHANDRA GEMS due?
- By 31-07-2027, for financial year 2026.Timeline
Companies related to D. NAVINCHANDRA GEMS
Comparable companies
- IGC GROUPAntwerpen
- Grib DiamondsAntwerpen
- Rosy BlueAntwerpen
- VITRAAGAntwerpen
- AJARI GEMSAntwerpen
Go further with this company
How much credit can you give this customer, and on what payment terms?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.